May 02, 2024
Block Sees Both Banking and Bitcoin Driving Future Growth
Block, owner of Cash App and Square, is also a huge owner of bitcoin. This, as the company’s latest first quarter 2024 earnings results revealed that the company’s $200 million investment in bitcoin grew by around...
May 02, 2024
Mercado Libre’s Investments in Mexico Propel Earnings
Saying that its “ecosystem is our competitive strength,” Latin American payments and eCommerce powerhouse Mercado Libre reported strong Q1 revenue growth in all areas of its multifaceted business Thursday (May 2)....
May 02, 2024
Microsoft Bans Police Use of AI Service for Facial Recognition
Microsoft has banned police departments from using its Azure OpenAI Service for facial recognition purposes. The company added language to its code of conduct Thursday (May 2) saying that this artificial intelligence (AI) service may...
May 02, 2024
Big Innovations Powering Small Business Growth Dominate This Week in...
It is National Small Business Week in the U.S., and the spotlight is on business-to-business (B2B) innovation. That’s why PYMNTS spent Monday (April 29) unpacking how small businesses with big ambitions are turning...
May 02, 2024
New UK Law Spotlights Weak Security Features in Smart Devices
Cybercriminals exploit various avenues to target consumers, with one particularly vulnerable point being bad default passwords. The United Kingdom has taken a step toward closing this security gap by introducing a consumer...
May 02, 2024
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’
This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last July. The move went against...
May 02, 2024
Chase’s New SMB Offerings Point to Appeal of Ad Hoc...
In B2B interactions, faster payments — especially ad hoc payments — may prove to be a competitive advantage. PYMNTS Intelligence found that non-recurring payments represent roughly a quarter of total accounts payable volume. One-third...
May 02, 2024
UK Consumers Love to Shop From the Comfort of Their...
Shoppers in the United Kingdom love eCommerce, disproportionately preferring to make purchases online without engaging with physical stores, PYMNTS Intelligence reveals. By the Numbers The PYMNTS Intelligence study “2024 Global...
May 02, 2024
Pleo Secures $43 Million Facility to Expand Credit Offering
Pleo has secured a 40-million-euro (about $43 million) debt financing facility from HSBC Innovation Banking UK. With this facility, the Danish FinTech will expand its credit offering, Pleo Overdraft, which helps European companies...